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Showing 11 - 20 of 1058 results for "Principle"

Warren Buffet honours Charlie Munger in Berkshire shareholder letter

ANDREW MCKEAN  |  MONDAY, 26 FEB 2024
... said. "The casino now resides in many homes and daily tempts the occupants." The conglomerate's unwavering investment principle remains to avoid the risk of permanent capital loss. "Thanks to the American tailwind and the power of compound interest ...

DASS compensation drags AFCA, lead decision published

KARREN VERGARA  |  FRIDAY, 16 FEB 2024
Compensating Dixon Advisory and Superannuation Services (DASS) victims continues to eat up the Australian Financial Complaints Authority's (AFCA) time and resources, so much so that a "lead decision" has been published to expedite the process. The complaints ...

Super funds defend controversial weapons holdings

KARREN VERGARA  |  FRIDAY, 2 FEB 2024
Several major superannuation funds such as UniSuper, Aware Super, and Equip Super continue to invest in global weapons companies despite growing concerns among members, particularly as the Israel-Hamas war escalates. This includes France's Thales ...

Market performance fails to sway retirement confidence: State Street

ANDREW MCKEAN  |  FRIDAY, 19 JAN 2024
Despite positive investment market performance, Australians' retirement confidence is weakening, according to a State Street Global Advisors survey. Contrary to expectations, State Street's Global Retirement Reality report found that factors like inflation ...

Bitcoin ETFs reach US$4.6bn in trading volume on launch day

ANDREW MCKEAN  |  FRIDAY, 12 JAN 2024
On their debut day, spot bitcoin ETFs recorded a total trading volume of over US$4.6 billion, after being approved by the Securities and Exchange Commission (SEC). Following approval to convert its US$28 billion primary bitcoin trust into a spot ETF ...

Natixis IM subsidiary hires head of sustainability

KARREN VERGARA  |  FRIDAY, 12 JAN 2024
Natixis Investment Managers affiliate Flexstone Partners appointed a managing director and head of sustainability. Samira Boussem took the post on January 8, having been promoted from her role as head of ESG at Natixis Investment Managers Solutions ...

QAR final response winds clock back, says FAAA

JAMIE WILLIAMSON  |  THURSDAY, 7 DEC 2023
... said this second tranche has it reconsidering its initial support of the government's response. "We supported, in principle, the government's initial response, which suggested a cautious approach, testing the more contentious changes such as ...

Final QAR reforms open door to super funds

CASSANDRA BALDINI  |  THURSDAY, 7 DEC 2023
In its final response to the Quality of Advice Review (QAR), the government plans to modernise the best interests duty and amend the Statement of Advice (SoA), while also granting approval for superannuation funds to provide personal advice. In its ...

Future Group acquires Verve Super

JAMIE WILLIAMSON  |  WEDNESDAY, 29 NOV 2023
... share a commitment to ethical investing, with both the Verve product and the Future Super product strictly adhering to a principle of not investing in fossil fuel companies," Future Group chief executive Simon Sheikh said. "This alignment makes Verve ...

Objective of super bill lands in parliament

ANDREW MCKEAN  |  FRIDAY, 17 NOV 2023
Treasurer Jim Chalmers has tabled a new bill in Parliament to legislate an objective of superannuation, aimed at securing a dignified retirement for more Australians. The Superannuation (Objective) Bill 2023, which was introduced to Parliament yesterday ...